Invoices issued through all POSs: FBR fails to mention period and utilization of Re1 levy KARACHI: Federal Board of Revenue (FBR) has failed to mention the period and the utilization of Re.1 levy, being... Updated 15 Mar, 2022 10:12am
Print Financial accounts, sources of investments: Commissioners AEOI Zones to obtain info about NRPs ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Commissioners, Inland Revenue, Automatic Exchange of... Updated 15 Mar, 2022 10:13am
Business & Finance ‘Unfair’ tax deduction by automobile company: FTO Jah praises President’s decision LAHORE: President Dr Arif Alvi has rejected 25 appeals of the Federal Board of Revenue (FBR) against a decision on... Updated 15 Mar, 2022 06:36am
Business & Finance FBR field formations not maintaining IT-based tracking system: FTO ISLAMABAD: Federal Tax Ombudsman has noted with concern that the Federal Board of Revenue’s (FBR) field formations... Published 15 Mar, 2022 05:43am
Business & Finance CNIC condition: FBR concerned at non-compliance by majority of businesses ISLAMABAD: The Federal Board of Revenue (FBR) has expressed its concern over non-compliance by majority of ... Published 15 Mar, 2022 05:43am
Pakistan Lawyers for FBR accused of showing poor performance ISLAMABAD: A total number of 27 panel advocates and special public prosecutors (SPPs) of the Federal Board of ... Updated 14 Mar, 2022 07:28am
Print ST rate will be rationalized in ‘due course’: FBR chief LAHORE: Chairman Federal Board of Revenue (FBR) Dr Muhammad Ashfaq has said that at present, tax-to-GDP ratio is... Updated 14 Mar, 2022 09:45am
Pakistan Grade-18 and Grade-16 officers: FBR removes two for ‘inefficiency’, ‘misconduct’ ISLAMABAD: The Federal Board of Revenue (FBR) has dismissed from services two officials of Grade-18 and Grade-16 on... Updated 13 Mar, 2022 07:04am
Pakistan FBR says it resolved 12,850 out of 13,001 complaints during 2020-21 ISLAMABAD: The Federal Board of Revenue (FBR) has received 13,001 complaints against the tax department and resolved... Published 13 Mar, 2022 06:22am
Business & Finance FBR lacks capacity to analyse big data ISLAMABAD: The Federal Board of Revenue (FBR) lacks the capacity to analyse big data to detect tax evasion, ... Updated 13 Mar, 2022 07:03am
Print Maladministration in FBR: FTO has authority to conduct inspection ISLAMABAD: The powers of Federal Tax Ombudsman (FTO) for conducting inspections of the Commissioners Appeals or the... Updated 13 Mar, 2022 09:13am
Business & Finance RTO Lahore recovered Rs25m from T-1Rs in Feb: chief commissioner LAHORE: Regional Tax Office (RTO) Lahore has made a recovery of Rs 25 million against the penalties imposed on ... Published 12 Mar, 2022 04:08am
Business & Finance Business community facing challenge of land grab, KCCI tells govts KARACHI: “The federal and provincial governments, in the larger interest of the country as well as Sindh province,... Published 12 Mar, 2022 04:08am
Pakistan Massey Ferguson Tractors unit: NFS&R voices its concern over closure ISLAMABAD: A parliamentary panel on Wednesday expressing serious concerns over the closure of production unit of... Published 10 Mar, 2022 07:15am
Print Tier-1 retailers avoiding POS system: GST return form amendment aimed at disallowing 60pc input tax credit ISLAMABAD: The Federal Board of Revenue (FBR) has amended the monthly sales tax return form to insert a new column... Updated 09 Mar, 2022 09:55am
Print Govt not yet share PIT reforms with IMF ISLAMABAD: The government has yet not shared the draft of the personal income tax (PIT) reforms with the... Published 09 Mar, 2022 06:44am
Pakistan Inspection of IR office: IHC sets aside letter of FTO ISLAMABAD: The Islamabad High Court (IHC) set aside the Federal Tax Ombudsman (FTO) letter dated 14-04-2021 to carry... Published 08 Mar, 2022 05:15am
Print New integrated system for overseas Pakistanis developed ISLAMABAD: The Federal Board of Revenue (FBR), the Pakistan Telecommunication Authority (PTA), and the Federal... Updated 08 Mar, 2022 10:12am
Editorials Budget exercise has begun EDITORIAL: The budget exercise has begun on schedule and the ministry of finance has reportedly already requested ... Published 08 Mar, 2022 05:15am
Business & Finance Direct credit into accounts: FBR to e-communicate pharma cos’ RPOs to SBP within 72 hours ISLAMABAD: The Federal Board of Revenue (FBR) will electronically communicate the Refund Payment Orders (RPOs) of ... Published 08 Mar, 2022 05:15am
Print Amnesty scheme: FBR empowers Commissioner IR to re-compute tax ISLAMABAD: The government has empowered the Commissioner Inland Revenue to re-compute the tax payable by the... Updated 07 Mar, 2022 09:59am
Opinion The relief package This week past the Prime Minister announced a series of populist measures that opponents decry are targeted to break... Published 07 Mar, 2022 06:07am
Pakistan PML-N demands early payment of pending ST refunds ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) on Sunday demanded the government to immediately pay refunds for... Published 07 Mar, 2022 06:07am
Business & Finance ‘Long delay’ in Rs8bn ST refunds: Tractor industry to suspend operations from today: MTL LAHORE: Long delay in Rs 8 billion sales tax refunds has forced the tractor industry to suspend its operations from... Published 07 Mar, 2022 06:07am
Pakistan Freelancers, IT companies: PM for timely enforcement of incentives ISLAMABAD: The government has introduced major reforms in the country’s system to increase facilities for business... Published 05 Mar, 2022 04:10am
Opinion PM’s relief package in perspective — II Pakistan is badly affected by global price hike. The current Ukraine-Russia conflict is going to make it worse. In... Published 05 Mar, 2022 04:10am
Print Tax revenue claims stuck in litigations: SC seeks comprehensive report from FBR ISLAMABAD: The Supreme Court sought a detailed report from the Federal Board of Revenue (FBR) about tax revenue... Updated 05 Mar, 2022 10:10am
Markets First transit cargo of ‘Indian sugar’ sent to landlocked Uzbekistan KARACHI: A major breakthrough in regional connectivity as Pakistan has dispatched first transit cargo containing... Published 04 Mar, 2022 04:37am
Business & Finance Returns filed for TY21: FBR unveils new ATL ISLAMABAD: The Federal Board of Revenue (FBR) has issued new list of active taxpayers taking into account the income... Published 04 Mar, 2022 04:37am
Business & Finance Pine nut, marble from Afghanistan: Imports exempted from regulatory duty ISLAMABAD: The Federal Board of Revenue (FBR) has exempted regulatory duty on import of pine nut (chilgoza) and... Published 04 Mar, 2022 04:37am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?